Kroger's Q3 Earnings Match Estimates, FY24 Guidance Tightened
Portfolio Pulse from
Kroger's Q3 earnings matched estimates with adjusted earnings of 98 cents per share. Identical sales without fuel increased by 2.3%. The company also tightened its FY24 guidance.
December 05, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Kroger's Q3 earnings matched expectations with adjusted earnings of 98 cents per share. Identical sales without fuel rose by 2.3%, and the company tightened its FY24 guidance.
Kroger's earnings meeting expectations suggests stability, but the tightening of FY24 guidance could indicate caution about future performance. The 2.3% rise in identical sales is a positive sign, but the overall impact on the stock price is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100